Stiffleg Crane Market Analysis

Stiffleg Crane Market Analysis

The below 25 ton stiffleg crane market held 25% of the overall share in 2022 and is expected to value at over USD 200 million in 2032. Stiffleg cranes with load capacities below 25 tons have been witnessing steady growth. These cranes are typically used in small-scale projects & applications that require moderate lifting capabilities. They are useful in construction sites, maintenance operations, manufacturing facilities, and other industries where there is a need for efficient material handling & lifting within a relatively lower load capacity range.
 

The construction & mining segment reached USD 150 million in 2022 and is projected to cross USD 200 million revenue in 2032. The construction and mining sectors are the major consumers of stiffleg cranes. These cranes are extensively used in construction projects such as building construction, infrastructure development, and high-rise construction. In the mining industry, stiffleg cranes are used for excavations, material handling, and equipment installations in mining operations.
 

The North America stiffleg crane market held a dominant share of nearly 40% in 2022 and will amass USD 300 million by 2032 owing to the presence of a robust construction sector and significant infrastructure development projects in the region. The demand for stiffleg cranes in construction projects, such as high-rise buildings, bridges, and industrial facilities, is also driven by expanding major cities and urban areas. The oil & gas industry, particularly in the U.S. and Canada, contributes to business expansion are essential in drilling operations, maintenance requirements, as well as construction activities in offshore & onshore platforms.